LANGKAWI, Malaysia (Reuters) - Malaysia's government on Tuesday announced the establishment of a new airline, called flymojo, and said it has signed a deal with Canadian planemaker Bombardier Inc (TO:BBDb) to buy 20 CS100 aircraft for about $1.47 billion (991 million pounds).
The announcement, made in the presence of Prime Minister Najib Razak at the Langkawi International Maritime and Aerospace (LIMA) exhibition, included an option to buy 20 more aircraft, taking the deal value up to $2.94 billion.
The new airline will be based out of Johor Bahru, Johor and Kota Kinabalu, Sabah.